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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | Components of the provision for income taxes and the income to which it relates for the years ended December 31, 2021, 2020 and 2019 consist of the following (in thousands):
| Year Ended December 31,
| 2021 |  | 2020 |  | 2019
Income before income taxes (1): |  |  |  |  |
Domestic | $ | 110,535 |  |  | $ | 98,111 |  |  | $ | 145,570 |
Foreign | 55,967 |  |  | 45,588 |  |  | 79,041 |
Income before income taxes | $ | 166,502 |  |  | $ | 143,699 |  |  | $ | 224,611 |
Current income taxes: |  |  |  |  |
U.S. Federal | $ | 14,031 |  |  | $ | 14,951 |  |  | $ | 26,624 |
Foreign | 15,242 |  |  | 9,909 |  |  | 21,904 |
U.S. state and local | 2,045 |  |  | 2,158 |  |  | 2,553 |
Current provision for income taxes | 31,318 |  |  | 27,018 |  |  | 51,081 |
Deferred provision (benefit) for income taxes: |  |  |  |  |
U.S. Federal | 11,008 |  |  | 4,485 |  |  | 7,498 |
Foreign | (1,542) |  |  | 5,287 |  |  | 863 |
U.S. state and local | 809 |  |  | 330 |  |  | 551 |
Total deferred provision for income taxes | 10,275 |  |  | 10,102 |  |  | 8,912 |
Provision for income taxes | $ | 41,593 |  |  | $ | 37,120 |  |  | $ | 59,993 |
(1)Includes the allocation of certain administrative expenses and intercompany payments, such as royalties and interest, between domestic and foreign subsidiaries.
Schedule of Deferred Tax Assets and Liabilities | The principal deferred tax assets and liabilities consist of the following (in thousands):
| As of December 31,
| 2021 |  | 2020
Deferred tax assets: |  |  |
Property and equipment in foreign jurisdictions | $ | 11,452 |  |  | $ | 9,905 |
Finance receivables | 7,421 |  |  | — |
Accrued fees on forfeited pawn loans | 6,645 |  |  | 5,246 |
Deferred cost of goods sold deduction | 1,989 |  |  | 3,622 |
Accrued compensation, payroll taxes and employee benefits | 4,294 |  |  | 4,235 |
U.S. state and certain foreign net operating losses | 6,429 |  |  | 5,942 |
Other | 3,811 |  |  | 3,364 |
Total deferred tax assets | 42,041 |  |  | 32,314 |
Deferred tax liabilities: |  |  |
Intangible assets | 126,283 |  |  | 81,749 |
Leased merchandise and property and equipment in domestic jurisdictions | 24,035 |  |  | 3,759 |
Net operating lease asset | 3,726 |  |  | 4,188 |
Other | 2,052 |  |  | 3,691 |
Total deferred tax liabilities | 156,096 |  |  | 93,387 |
Net deferred tax liabilities before valuation allowance | (114,055) |  |  | (61,073) |
Valuation allowance | (6,429) |  |  | (5,942) |
Net deferred tax liabilities | $ | (120,484) |  |  | $ | (67,015) |
Reported as: |  |  |
Deferred tax assets | $ | 5,614 |  |  | $ | 4,158 |
Deferred tax liabilities | (126,098) |  |  | (71,173) |
Net deferred tax liabilities | $ | (120,484) |  |  | $ | (67,015) |
Schedule of Effective Income Tax Rate Reconciliation | The following is a reconciliation of income taxes calculated at the U.S. federal statutory rate to the provision for income taxes (dollars in thousands):
| Year Ended December 31,
| 2021 |  | 2020 |  | 2019
U.S. federal statutory rate | 21 | % |  | 21 | % |  | 21 | %
Tax at the U.S. federal statutory rate | $ | 35,149 |  |  | $ | 30,177 |  |  | $ | 47,168 |
U.S. state income tax, net of federal tax benefit of $599, $522 and $652, respectively | 2,255 |  |  | 1,965 |  |  | 2,452 |
Net incremental income tax expense from foreign earnings (1) | 2,007 |  |  | 5,732 |  |  | 6,314 |
Non-deductible compensation expense | 1,943 |  |  | 1,050 |  |  | 2,074 |
Global intangible low-taxed income tax | — |  |  | (1,863) |  |  | 1,100 |
Other taxes and adjustments, net | 239 |  |  | 59 |  |  | 885 |
Provision for income taxes | $ | 41,593 |  |  | $ | 37,120 |  |  | $ | 59,993 |
Effective tax rate | 25.0 | % |  | 25.8 | % |  | 26.7 | %
(1)Includes a $6.3 million, $2.0 million and $2.3 million foreign permanent tax benefit related to an inflation index adjustment allowed under Mexico tax law for the years ended December 31, 2021, 2020 and 2019, respectively.

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
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